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Australia's jobless rate at its lowest since 1974

  • Written by: Jeff Borland, Professor of Economics, The University of Melbourne
Australia's jobless rate at its lowest since 1974Shutterstock

It’s not an academic way to start an article about Australia’s latest jobs numbers, but all I can think is “wow”.

The official unemployment rate in June fell to 3.5%. It’s almost 50 years – August 1974, to be exact – since it was lower.



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